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Story summary
- Realtor.com reports one-fifth of homes listed in September had price cuts, the year's highest rate.
- Western states recorded 22.8% price reductions while the Northeast saw 15.2% cuts.
- Salt Lake City led with 33.6% cuts, followed by Denver 32.1% and Portland 31.6%.
- Home inventory rose 5.4% year-over-year, expanding supply as 30-year fixed mortgage rates averaged 7%.
- Average sale price rose from $383,000 in March 2020 to $502,000 in June 2026.
